Nitin Agarwal

OkCredit

With a mission to help small businesses grow with simple software products, and digitally empower them, OkCredit was launched in 2017 by three IIT Kanpur Alumni; Harsh Pokharna, Gaurav Kumar, and Aditya Prasad. OkCredit has given a complete digital makeover to the traditional register book -‘Bahi/Udhar Khata' and made the daily bookkeeping task simpler and effective for millions of small businesses. The app not just helps small businesses to keep track of credit transactions – both payments and receivables, it sends timely reminders, and also makes it very easier for them to collect and settle balance amounts quickly and accurately, on a click – with an integrated reminder feature via WhatsApp and SMS. With a vision to accelerate the need for digital transformation for small businesses in India, OkCredit app is completely free to access and ensures 100% safety, data security, and accuracy. With only one user in 2017, this dream project of the three like-minded friends has changed lives for millions of users as of today. In more than 10 Indian languages. Currently, it has over 5Mn active monthly users which include over 100 types of businesses like Kirana store owners, mobile recharge shops, medical stores, apparels amongst others across PAN India. The venture has raised $83 million from investors to date including from Lightspeed Venture Partners, Tiger Global, and Y Combinator.